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What is the annual payment

Problem: Intermediate term loan for 1,000,000 to be paid off in equal installments at the end of each of the next 5 years. The interest rate is 14%, what is the annual payment.

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## Q : Amortization of the bond premium on straight-line method

Gonzalez has recorded amortization of the bond premium on the straight-line method (which was not materially different from the effective-interest method).